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There are two questions, Please answer step by step and Show all Work. thx #1.Preferred Stock: Dividend $7.50 Current Price $60.00 What is the Cost

There are two questions, Please answer step by step and Show all Work. thx

#1.Preferred Stock:

Dividend $7.50 Current Price $60.00 What is the Cost of Preferred?

#2. Equity:

Risk Free Rate 6.50% Market Risk Premium 6.25% Stock Beta 0.7 What is the Cost of Equity?

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